BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) — ()
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XONE: Procyclicality Of Downward Jobs Revisions Bolsters Rate Cut Bets
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Sentiment: Neutral ()
XONE offers low-cost, short-duration Treasury exposure, making it attractive for those seeking limited duration risk, though there are much more inured bets. Weakening US labor data and rising unemployment amid …
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About BondBloxx Bloomberg One Year Target Duration US Treasury ETF XONE
The investment seeks to track the investment results of the Bloomberg US Treasury 1 Year Duration Index composed of U.S. Treasury securities with a duration between 6 and 18 months. Under normal circumstances, the fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in a portfolio of U.S. Treasury securities that collectively have an average duration of approximately 1 year, either directly or indirectly (e.g., through derivatives). It is non-diversified.